Sony confirms plans for PlayStation 4

Sony has officially confirmed the existence of a PlayStation 4, after its chief financial officer Masaru Kato revealed the company was “already under way” in creating a successor to the PlayStation 3, contradicting previous comments of Kaz Hirai.

The revelation followed after one investor asked about the increased costs in Sony’s fiscal year report on research and development.

“For the home equipment the PS3 still has a product life, but this is a platform business, so for the future platform – when we’ll be introducing what product I cannot discuss that – but our development work is already under way, so the costs are incurred there,” Kato said.

Hirai, who is the boss of Sony Computer Entertainment, said that talk of a PS4 in the near-future were wrong and that the PS3 has a lifespan of ten years.

Sony’s news comes after Nintendo plans to start its next-generation console with “Project Cafe”, despite expectations that this generation of games is expected to last longer – thanks to internet multiplayer, downloadable content and achievements extending the time a user plays games, in addition to smaller video game developers able to produce downloadable games.

Though, is this a move to distract people from their security woes? We will have to wait and see.